Exact(2)
Foreign exchange trading guidelines generally discourage such trades because they are effectively loans.
These deals were technically options trades, but they were effectively loans to Mr. Rusnak and his bank, Allfirst Financial, from Citibank, Bank of America,, Deutsche Bank and Bank of New York, say foreign exchange executives, including someone from a bank that made one of the deals.
Similar(56)
One executive familiar with warrants said it appeared that the $200,000 premium would, in part, represent interest on the $670,000 that Bear Stearns had effectively loaned the investor.
Greece, struggling to service the huge debts its public sector had built up, was effectively loaned €110bn at a fairly punishing interest rate.
Rather than returning to the debt markets to tide the club over until its financial situation improves, Mr Glazer is hoping that equity investors will effectively loan him the money for free.The Manchester United IPO hardly foreshadows a return to mass public ownership of football clubs.
That means that Gusto is effectively loaning money to companies, since it is paying payroll in advance.
Sir David Metcalfe, chairman of the committee, said the current scheme brought very little economic benefit for British citizens, because most applicants were buying gilts to qualify - so were effectively loaning the government money, rather than investing in the UK.
The arrangement is based on the S.B.A.'s long-running Small Business Investment Company program, which effectively guarantees loans to venture funds (or investment companies) that in turn make loans to small businesses.
The Treasury is also likely to charge more to effectively insure loans to borrowers with the smallest deposits.
Most residential mortgages are effectively nonrecourse loans, meaning creditors can eventually take the house if the homeowner defaults, but cannot take other assets or earnings.
Not only is Groupon effectively giving loans to merchants, but it also works the other way around.
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